Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Apr. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) (“OCI”) and the changes in the Company’s accumulated other comprehensive income (loss) (“AOCI”) by component were as follows:


	Three Months Ended April 30, 2024
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	(93,147)	$	—	$	253	$	(92,894)	$	(3,366)	$	(96,260)
OCI before reclassifications	(17,647)		—		—		(17,647)		(126)		(17,773)
Income taxes associated with OCI before reclassifications (1)	—		—		—		—		—		—
Amounts reclassified from AOCI	—		—		—		—		—		—
Income taxes associated with amounts reclassified from AOCI	—		—		—		—		—		—
OCI, net of tax for the fiscal period	(17,647)		—		—		(17,647)		(126)		(17,773)
Balance at end of period, net of tax	$	(110,794)	$	—	$	253	$	(110,541)	$	(3,492)	$	(114,033)

	Three Months Ended April 30, 2023
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	(97,996)	$	818	$	1,132	$	(96,046)	$	(2,614)	$	(98,660)
OCI before reclassifications	21,570		21		—		21,591		22		21,613
Income taxes associated with OCI before reclassifications (1)	—		(5)		—		(5)		—		(5)
Amounts reclassified from AOCI	—		(615)		—		(615)		—		(615)
Income taxes associated with amounts reclassified from AOCI	—		147		—		147		—		147
OCI, net of tax for the fiscal period	21,570		(452)		—		21,118		22		21,140
Balance at end of period, net of tax	$	(76,426)	$	366	$	1,132	$	(74,928)	$	(2,592)	$	(77,520)


	Nine Months Ended April 30, 2024
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	(68,911)	$	—	$	364	$	(68,547)	$	(2,583)	$	(71,130)
OCI before reclassifications	(41,883)		—		(111)		(41,994)		(909)		(42,903)
Income taxes associated with OCI before reclassifications (1)	—		—		—		—		—		—
Amounts reclassified from AOCI	—		—		—		—		—		—
Income taxes associated with amounts reclassified from AOCI	—		—		—		—		—		—
OCI, net of tax for the fiscal period	(41,883)		—		(111)		(41,994)		(909)		(42,903)
Balance at end of period, net of tax	$	(110,794)	$	—	$	253	$	(110,541)	$	(3,492)	$	(114,033)

	Nine Months Ended April 30, 2023
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	(183,453)	$	675	$	1,171	$	(181,607)	$	(2,205)	$	(183,812)
OCI before reclassifications	107,027		966		(39)		107,954		(387)		107,567
Income taxes associated with OCI before reclassifications (1)	—		(232)		—		(232)		—		(232)
Amounts reclassified from AOCI	—		(1,368)		—		(1,368)		—		(1,368)
Income taxes associated with amounts reclassified from AOCI	—		325		—		325		—		325
OCI, net of tax for the fiscal period	107,027		(309)		(39)		106,679		(387)		106,292
Balance at end of period, net of tax	$	(76,426)	$	366	$	1,132	$	(74,928)	$	(2,592)	$	(77,520)

(1)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.